EMERGENCY!!! Steemit is FAILING and you need to POWER DOWN and SELL, NOW!!!!
You've probably already guessed because of the trollface image in the thumbnail but Lol
Lemme' give ya'll a little tip Steemians. The value of Steem is volatile, when I first joined Steemit just under a year ago the price was at about $1.5 and I was so flippin excited!! By the time I had managed to figure out how to set up a bitcoin wallet and put some money into it, the price had fallen to about $1.25, GREAT I thought, a little dip in the price and now is my time to buy!
It was literally the only time I have ever spent any "real" money on Steem and I paid about $260 canadian dollars for the equivalent amount of Steem, which I immediately powered up!
Then the slide really kicked into high gear.
Day after miserable, ugly, trudging, dropping, hope crushing day, the price of Steem slid...
And slid...
AND SLID
It bottomed out at around $0.07 I think.
Wow, wish I had some cash to throw into Steem now! But wait, maybe that's a stupid investment, I mean look at how Steem is tanking, it's like hopeless, why would I invest now??? EVERYBODY SELL SELL SELL WHILE YOU STILL HAVE SOME PENNIES LEFT!!!!!!
Yeah, sooooo that turned around....
I got busy with life and an international move and forgot about Steemit for about two or three months, came back to find that my account value which used to be under $1,000 was now worth over $20,000...
Wut?
Steem jumped on a freakin rocket ship while I was away! And I used to get freakin ned votes man!! NED VOTES!!! WHY DID I STOP POSTING!!??? What a squandered opportunity that was.
The price goes up and down folks, just be glad you weren't around for the bad times.
No, scratch that, you missed out on something amazing during those times.
When the price of Steem goes down, you are presented with an incredible opportunity to dramatically increase your holdings, and thus your power and influence, and thus further increase your holdings on Steemit. Whether you buy in when the price is low, or you get your post payouts when the price is low, you will be making more Steem per transaction than if you were doing the same at a high price.
Get your heads down and get ready to Steem on folks, there might be some rough waters ahead, but the adventure always makes the reward more sweet!
As always if you liked this post feel free leave me a comment and toss me one of those juicy, delicious, nom-nom-able upvotes, you know I always appreciate both! And be sure to follow me @dexter-k on Steemit to keep up with our travels and see new original content all the time.
Thanks for reading!
Dexter
@dexter-k, I remember $0.07 Steem. I almost bought some back then. Missed that opportunity, but we have more to come. Steem On Dude!
Maybe not but who knows
I know right?? I totally missed that one now that I am looking back. But hindsight is 20/20 right? Steem on @runridefly!
Well developed post. I will mistaken you to be a developer rather than a writer if we were just chatting. By the way, your advice is right on point. Its time for all who want to join the train to come in at a real affordable price. Blockchain is still young and so is steem.T
hi, if it weren't for people buying up steem or any other currency when it is down then it would crash burn to the ash ! Untill people are excited about an idea in this case #steemit and steem #dollars then I wouldn't worry much. The excitement is ever higher and I think we will see a steem way over 2 dollars this time around! ALWAYS BET ON #CRYPTOS ...LOL
Hahaha, nice @kingyus, totally agree!
Well actually I'm neither @tj4real! hahaha, really I'm a photographer and that is mostly what I post about, but once in a while I do a steemit related post too :) Totally agree with you, blockchain in and of itself is still young, and Steemit is just a baby, there are bound to be some ups and downs but it is going to grow no doubt about it!
Everybody is cashing out to buy things and new experiences to blog about..
So began the bitcoin and look today to what height has arrived and I have the impression that steemit will be the same or much better, so buy steemit crazy!
Totally agree @alexis22, Steemit is a solid platform and every day becoming a proven solid crypto, it's not going away, and in the crypto world that means its going up!
Yep, always pays to hang in there!
Totally agree @ryanjk8, thanks man!
This is a very good post and thus earned an upvote and a follow from me. I like your sense of humour . I am almost 1 month here and my strategy is to power up because am passionate about steem and believe that its real value will be realised by year end.
Lets stay in touch and thanks for sharing.
Thanks so much @charles1, I really appreciate it! I was the same as you when I first joined and it has been an amazing ride, things are looking so positive right now, even though the price is down. This platform has survived a crazy bottom out already, Steem isn't going anywhere but up.
I agree hence why my strategy is to power up , I think that if all goes weel , price might reach 20-100 USD by end of mext year and I will invite you for some cold Bavaria beer and Nurnberger Bradwurst (see my latest blog post for an example).
Hope that you will stay in touch. More success.
Yes guys, keep stackin. 💪🏼🙌🏼💯
Yes @stackin! Powering up 100% will help the price stabilize as well, forgot to mention that!
Goal is 10k steem power end of the month.... only at 4500 right now but just started 45 days ago. Will be on that grind to get a min of that 10k power :)
You're right, back to work: D
Yup, let's get back to work @lasper!
Heads down boys! We've got work to do.
Cheers! From @thedamus
Thanks @thedamus, let's get to it!
Thank you for the history, humor and encouragement. Resteemed & upvoted (though weak 😁)
Thanks so much @wandrnrose7! Glad you enjoyed the post, and don't worry about being low power right now, we all started out with basically nothing (except those that can afford to buy in a lot) back when I first bought steem the roughly 190 SP that I got amounted to absolutely zilch in regards to actually altering what my vote was worth. Keep working at it and soon you'll be droppin huge votes like a boss!
Thank you so much for your support... That is very encouraging!